The Long Shadow of Frédéric Bastiat
"Bastiat knew what most educated people never learn, that the source of all injustice in society stems from violations of freedom."
"Bastiat knew what most educated people never learn, that the source of all injustice in society stems from violations of freedom."
"The Aquinas–John of Paris–Locke view is the 'labor theory' (defining 'labor' as the expenditure of human energy rather than working for a wage) of the origin of property, not a labor theory of value."
The unseen effect that is missing in his "Broken Window" analysis is the diversion of time and energy from a community-enhancing endeavor (the unseen) to one of restoration (the seen).
If an omnipotent authority has the power to assign to every individual the tasks he has to perform, nothing that can be called freedom and autonomy is left to him. He has only the choice between strict obedience and death by starvation.
"Nagel thinks that people in society are morally bound to each other in ways that generate egalitarian obligations."
Posner is — to the best of my knowledge — a magnanimous person with a genuine concern for the lives of millions of Americans, but his book, if heeded, will only exacerbate current conditions.
Now, under the influence of the antidiscrimination paradigm and "human rights" law, men are being told that their human dignity requires the enslavement of a woman who does not wish to provide them with a holiday tour.
The greatest economic charity is that which enables persons to become independent of alms and therefore most self-reliant and secure under freedom.
Although Aristotle, in the Greek tradition, scorned moneymaking and was scarcely a partisan of laissez-faire, he set forth a trenchant argument in